Migme : Share Placement to raise $7,000,000

ASX RELEASE

13 April 2015

Share Placement to raise $7,000,000

migme Limited (ASX: MIG), is pleased to announce that it has received firm commitments for the raising of $7,000,000 pursuant to the issue of 10,447,761 ordinary fully paid shares at an issue price of $0.67 per share (the "Placement").
The Placement was originally intended to be $5 million but as a result of demand oversubscriptions of in excess of $2 million were received.
The Placement was jointly managed by BBY Limited and Patersons Securities Limited and was made to institutional, sophisticated and professional investors only, and supported by existing major shareholders.
The funds raised from the issue will be used to strengthen migme's position as
a global media company focused on emerging markets.
Settlement for the Placement is expected to occur on Thursday 19 April 2015.
Michael Higginson
Company Secretary

Media contacts

Australia/Asia USA / Asia

Luke Forrestal Timothy Johnson

Mobile: [phone]Mobile: [phone] [e-mail]

About migme Limited

migme Limited (ASX: MIG | WKN: A117AB) is a global digital media company focused on emerging markets. We deliver social entertainment services through mobile apps migme and LoveByte and artist management website alivenotdead. The Company is listed and registered in Australia. Headquarters are in Singapore with offices in Malaysia, Indonesia, Taiwan and Hong Kong.
For more information, please visit http://company.mig.me

migme Limited ABN 43 059 457 279

13/36 Johnson Street, Guildford, Western Australia 6055

Mailing Address; PO Box 566, Belmont, Western Australia, 6984, Telephone: [phone]